Great Elm Capital Group, Inc. (NASDAQ:GECC) Short Interest Update

Great Elm Capital Group, Inc. (NASDAQ:GECC) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 453,519 shares, a growth of 25.6% from the February 26th total of 361,208 shares. Based on an average trading volume of 150,765 shares, the days-to-cover ratio is presently 3.0 days. Currently, 3.5% of the company’s shares are sold short.

Great Elm Capital Group Trading Up 1.8%

Shares of NASDAQ:GECC traded up $0.09 during midday trading on Tuesday, hitting $5.01. The company had a trading volume of 137,312 shares, compared to its average volume of 92,495. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 1.68. Great Elm Capital Group has a 12 month low of $4.63 and a 12 month high of $11.45. The firm has a fifty day simple moving average of $6.10 and a 200 day simple moving average of $7.30. The stock has a market cap of $70.14 million, a price-to-earnings ratio of -2.18 and a beta of 0.64.

Great Elm Capital Group (NASDAQ:GECC) last released its quarterly earnings data on Monday, March 2nd. The financial services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). Great Elm Capital Group had a negative net margin of 63.59% and a positive return on equity of 13.19%. The company had revenue of ($39.96) million during the quarter, compared to the consensus estimate of $13.16 million. On average, analysts predict that Great Elm Capital Group will post 1.43 EPS for the current year.

Great Elm Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 24.0%. Great Elm Capital Group’s dividend payout ratio is -52.17%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Zacks Research lowered Great Elm Capital Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Great Elm Capital Group in a research report on Monday, December 29th. Finally, Clear Str lowered shares of Great Elm Capital Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Great Elm Capital Group has an average rating of “Reduce” and an average price target of $10.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. acquired a new position in Great Elm Capital Group during the fourth quarter valued at approximately $70,000. Kestra Private Wealth Services LLC bought a new position in shares of Great Elm Capital Group during the third quarter worth $145,000. TrueMark Investments LLC bought a new position in shares of Great Elm Capital Group during the fourth quarter worth $148,000. Virtu Financial LLC acquired a new position in shares of Great Elm Capital Group in the 3rd quarter valued at $160,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Great Elm Capital Group in the 3rd quarter valued at $169,000. Institutional investors own 38.75% of the company’s stock.

Great Elm Capital Group Company Profile

Great Elm Capital Group, Inc (NASDAQ: GECC) is a closed-end, externally managed business development company (BDC) that seeks to generate current income and capital appreciation by investing in private, middle-market companies. The firm targets senior secured loans, subordinated debt and equity securities of U.S. companies, with a focus on businesses offering stable cash flows and potential for growth. Industry sectors of interest include business services, consumer products, industrials and healthcare, among others.

GECC’s investment strategy emphasizes portfolio diversification and active management.